New Delhi, July 24 -- India's sports market is expected to register a Compound Annual Growth Rate (CAGR) of 10-12 per cent through 2030, supported by government initiatives promoting sports participation and rising interest in fitness, according to a recent report by CareEdge Ratings.

The report estimated the current value of India's sports market at around USD 52 billion. Out of this, core sub-sectors contribute USD 31 billion, while allied sub-sectors add another USD 21 billion.

The report highlighted that this growth momentum is likely to continue in the coming years, as more people turn towards sports and fitness.

It stated "India's sports market... is on track for growth, projected to reach a compound annual growth rate (CAGR) of ...